There’s evidence of that gap in the numbers: CEO pay has skyrocketed by 1,322% since 1978, the Economic Policy Institute reported last year; …(paywall).
Fortune
August 19, 2022
A report published by the Economic Policy Institute (EPI) on Tuesday finds that, while there has long been a pay gap between teachers and comparable college graduates, that gap has recently reached its highest level since EPI began recording such data.
Truthout
August 19, 2022
That’s according to a new report from the Economic Policy Institute, which advocates for fair pay for low- and middle-income workers.
Axios
August 19, 2022
In 2015, the year Price cut his pay, the nation’s CEOs were collecting 276 times the annual pay of the typical worker, according to the Economic Policy Institute. A 2021 analysis found that gap has widened, to 351 times as much as the average worker. Compensation for top executives has soared nearly 1,300 percent in he past four decades, after adjusting for inflation. The study found that average pay for top businesses leaders at the country’s 350 largest companies was $24.2 million in 2020, when the realized value of stock options are factored in.
The Washington Post
August 19, 2022
Still, the “teacher pay penalty,” the reality that teachers are paid less than their non-teacher college-educated counterparts, has gotten worse over time. A new study from the Economic Policy Institute, an independent nonprofit think tank, found that the weekly wages of teachers have remained relatively flat for nearly three decades.
VOX
August 19, 2022
A report by the Economic Policy Institute published a report highlighting pay disparity between teachers and college-educated nonteachers. Colorado was the worst.
9 News (Colorado TV)
August 19, 2022
“We have a supply-side problem, but rather than trying to restore or raise supply-side capacity the Fed is aiming to push demand down to the level where supply is currently constrained by pandemic, war, and climate crises,” noted Adam Hersh, a senior economist at the Economic Policy Institute.
Truthout
August 19, 2022
Arizona teachers made about 32% less than comparable college-educated workers in the state last year, according to a new report from the Economic Policy Institute (EPI).
Axios
August 19, 2022
Driving the news: A group of 70 international economists, including Joe Stiglitz of Columbia and Heidi Shierholz of the Economic Policy Institute, is urging the U.S. government to give the Afghan central bank its money back — but there’s no indication that anyone at Treasury is sympathetic.
- What they’re saying: “Without access to its foreign reserves, the central bank of Afghanistan cannot carry out its normal, essential functions. Without a functioning central bank, the economy of Afghanistan has, predictably, collapsed. The people of Afghanistan have been made to suffer doubly for a government they did not choose.”
Axios
August 19, 2022
Larry Mishel, former president of the Economic Policy Institute. Labor market economist studying jobs, wages and inequality for four decades. (@LarryMishel)
WBUR On Point
August 19, 2022
As Economic Policy Institute’s Elise Gould previously told Insider, paid sick days can be helpful for parents who need to care for their family or their own health. However, recent attempts to institute widespread leave access have failed, meaning that workers have to rely on their employers — or their own savings — to keep themselves afloat if they need to take time off.
Business Insider
August 19, 2022
The wage gap between teachers and the rest of the comparably educated workforce was about 21% in 2018. That disparity was a much smaller 6% back in 1996, according to an analysis from the Economic Policy Institute, reports Axios’ Erica Pandey.
Axios
August 19, 2022
In a September study, the Economic Policy Institute, a liberal think tank, said that the US could shed 75,000 auto jobs by 2030 if electric cars rise to 50% of domestic sales. (Today, they account for around 5%.) European automotive suppliers estimate that rapid electrification could cost them 275,000 jobs by 2040, even accounting for new positions that arise making EV parts.
Business Insider
August 19, 2022
“There will be substantial tax credits to help transition to clean energy: rebates for people who buy electric vehicles, who put solar panels on their house, who make other kinds of energy efficiency-enhancing improvements to their home,” said Heidi Shierholz, president of the Economic Policy Institute, a left-leaning think tank. “It will make it easier for families to actually make these clean-energy changes.”
The Washington Post
August 19, 2022
While there are policies that seek to enforce minimum wage laws and prevent wage theft, it’s still prevalent in low-wage jobs. While the minimum wage in California is $16.04, more than twice the federal minimum wage of $7.25, wage theft is still prevalent. In 2017, the Economic Policy Institute found throughout 10 of the most populous states, 17% of low-wage workers are affected by wage theft. For the Californian worker being impacted, this comes out to $3,400 in yearly stolen wages.
Next City
August 19, 2022
Amid reports of teacher shortages across the U.S. numbering in the hundreds of thousands, along with violent and vicious far-right attacks on public schools, new research shows that teacher salaries are now at record lows.
A report published by the Economic Policy Institute (EPI) on Tuesday finds that, while there has long been a pay gap between teachers and comparable college graduates, that gap has recently reached its highest level since EPI began recording such data.
In 2021, the report found, teachers’ weekly pay was 23.5 percent less on average than that of other college graduates, adjusted for age, education, race and state of residence. This means that teachers made about 76 cents on the dollar compared to other college graduates.
Truthout
August 19, 2022
The most rapid growth in the American standard of living took place between 1949 and 1969. During that period, family incomes grew at a faster rate than productivity — partly due to rapidly growing wages but also due to the increased number of women entering the workforce, which boosted family incomes,” according to the Economic Policy Institute.
Forbes
August 19, 2022
Teachers’ weekly wages and total compensation have worsened over time compared to non-teacher, college-educated professionals, according to an analysis by the Economic Policy Institute.
Average weekly wages of public school teachers increased just $29 from 1996 to 2021, from $1,319 to $1,348 when adjusted only for inflation. In comparison, weekly wages of other college graduates rose by $445, going from $1,564 to $2,009 during the same period.
This ”teacher pay penalty″ discourages college students from teaching careers and makes it challenging for school districts to retain teachers, the EPI report said.
K-12 Dive
August 19, 2022
C-SPAN Washington Journal
August 19, 2022
The Economic Policy Institute said targeted policy action is urgently needed to address teachers’ wages and without it there’s, “no reasonable expectation of reversal in sight for pandemic-stressed schools and those who serve public education.”
Teachers in the U.S. haven’t seen a significant bump in their pay in over 20 years, despite a global pandemic and skyrocketing inflation, and the trend risks retaining and attracting future teachers.
The average weekly wages of public school teachers, adjusted for inflation, increased just $29 from 1996 to 2021—from $1,319 up to $1,348. Teachers have consistently earned less than their nonteacher college-educated counterparts and that wage penalty was found in all 50 states and Washington, D.C.
That’s according to a new report by the Economic Policy Institute (EPI), which analyzed data from the Bureau of Labor Statistics (BLS) focusing on weekly teacher wages for those with at least a bachelor’s degree.
The Hill
August 19, 2022
By the numbers: The pay gap between public school teachers and others with college degrees in Colorado is the largest in the nation, at 35.9%, according to the Economic Policy Institute, which advocates for fair pay for low- and middle-income workers.
Axios
August 19, 2022
C-SPAN Washington Journal
August 17, 2022
Cites EPI data in a chart on minimum wage.
Bloomberg
August 12, 2022
Features Kyle discussing the growing housing supply shortage has created a housing affordability crisis.
WPFW
August 12, 2022
Video: The Economic Policy Institute projected a demand for at least 300,000 new teachers nationwide by the year 2024.
ABC News
August 12, 2022
The Economic Policy Institute recommends a temporary excess-profits tax. Data from the Bureau of Economics show abnormally high corporate profits are causing 54% of recent inflation. This tax would be on corporate profits that are above normal, and that come from taking advantage of the pandemic and the war in Ukraine. The purpose is to tamp down the price gouging.
Seattle Times
August 12, 2022
It’s difficult to decipher what contributed to that shift, said Valerie Wilson, director of the Economic Policy Institute’s program on race, ethnicity and the economy.
CNBC
August 12, 2022
Wage growth “is certainly not accelerating in a way that is driving the kind of inflation we’re seeing in the economy,” said Elise Gould, senior economist with the Economic Policy Institute.
CNN
August 12, 2022
Average hourly earnings are up 0.5% for the month and 5.2% from the same time a year ago, though wage growth appears to be slowing, Heidi Shierholz, president of the Economic Policy Institute, wrote on Twitter.
CNBC
August 12, 2022